Facebook founder Mark Zuckerberg and sixteen other billionaires have recently signed on to The Giving Pledge, a philanthropic campaign that commits them to give at least half of their fortunes to charity.

Famed investor Warren Buffett announced that 40 billionaires have committed to donate at least 50% of their fortunes to charity as part of the Giving Pledge, a project that targets America's richest to pledge to donate their wealth.

CNN has cut ties with the Associated Press, whose wire service has been a backbone of American news media for over a century. The move says volumes about how the news industry and its traditional business models are changing in the ever-accelerating information age.